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Lancaster Hill, Peterlee, Durham, SR8 2EQ

PROPERTY TYPE

Terraced

BEDROOMS

3

BATHROOMS

1

SIZE

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TENURE
Describes how you own a property. There are different types of tenure - freehold, leasehold, and commonhold.Read more about tenure in our glossary page.

Freehold

Key features

  • Three bedrooms
  • End terrace property
  • Tenanted investment
  • Over 9% yield
  • Long term tenant

Description

We welcome for sale this fantastic investment opportunity situated on Lancaster Hill in Peterlee, County Durham.
The property has been rented to a long term tenant for 11 years and would bring in over 9% yield. It briefly comprises of: entrance porches to both front and rear aspects, hallway to the kitchen and dining room, lounge, three bedrooms and a family bathroom.
Externally, the property benefits from an enclosed court-yard to the rear aspect and access to a communal playing field to the front. There is also off-road parking spaces to the rear aspect.
We are expecting a high level of demand in this realistically priced tenanted investment, and early viewing is essential to avoid disappointment.
For any further information or to book your internal viewing please call Pattinson on .


Council Tax Band: A
Tenure: Freehold

Front Porch

Entrance through UPVC door to the front aspect into porch. With built in cupboard and access to dining room.

Lounge

4.7m x 3.7m

With double glazed French doors to the rear aspect, laminate flooring, electric fire, radiator, TV point and open access to the dining room.

Dining Room

6.6m x 2.8m

With a double glazed bow window to the front aspect, radiator, laminate flooring and open access to the kitchen.

Kitchen

The kitchen is fitted with a range of wall and base units, with roll top work surfaces and a sink and drainer unit. With plumbing for a washing machine, electric cooker point, radiator, double glazed window to the front aspect and laminate flooring.

Rear entrance Porch

With a double glazed UPVC door to the rear aspect and vinyl flooring. And access to the hallway.

Hallway

With carpeted flooring, single panelled radiator and staircase to the first floor.

First Floor Landing

With carpeted flooring.

Bedroom One

3.5m x 3.4m

With a double glazed window to the front aspect, carpeted flooring, radiator, TV point and two built in storage cupboards.

Bedroom Two

3.2m x 3.7m

With a double glazed window to the rear aspect, carpeted flooring, TV point and single panelled radiator.

Bedroom Three

2.5m x 3.1m

With a double glazed window to the rear aspect, single panelled radiator, TV point and carpeted flooring.

Family Bathroom

The family bathroom is fitted with a three piece suite comprising of: low level WC, panelled bath and a pedestal wash hand basin. With vinyl flooring, tiled walls and a double glazed window to the front aspect.

External

The property offers an enclosed court-yard area to the rear with a brick built outbuilding. The front aspect looks onto a communal playing field and there is off-street parking bays in the street.

Auctioneers Additional Comments

Pattinson Auction are working in Partnership with the marketing agent on this online auction sale and are referred to below as 'The Auctioneer'.

Please be aware that any inquiry, bid or viewing of the subject property will require your details to be shared between both the marketing agent and The Auctioneer in order that all matters can be dealt with effectively.

This auction lot is being sold either by, conditional (Modern) or unconditional (Traditional) auction terms and overseen by the auctioneer in partnership with the marketing agent.

The property is available to be viewed strictly by appointment only via the Marketing Agent or The Auctioneer. Bids can be made via The Auctioneers or the Marketing Agents website.

Auctioneers Additional Comments

Your details may be shared with additional service providers via the marketing agent and/or The Auctioneer.

A Legal Pack associated with this particular property is available to view upon request and contains details relevant to the legal documentation enabling all interested parties to make an informed decision prior to bidding. The Legal Pack will also outline the buyers' obligations and sellers' commitments. It is strongly advised that you seek the counsel of a solicitor prior to proceeding with any property and/or Land Title purchase.

In order to submit a bid upon any property being marketed by The Auctioneer, all bidders/buyers will be required to adhere to a verification and identity process in accordance with Anti Money Laundering procedures.

Auctioneers Additional Comments

In order to secure the property and ensure commitment from the seller, upon exchange of contracts the successful bidder will be expected to pay a non-refundable deposit of 5% of the purchase price of the lot subject to any special conditions detailed in the legal pack. The deposit will be a contribution to the purchase price. A non-refundable reservation fee may also be payable upon agreement of sale (Details of which can be obtained from the auctioneers website). The Reservation Fee is in addition to the agreed purchase price and consideration should be made by the purchaser in relation to any Stamp Duty Land Tax liability associated with overall purchase costs.

Both the Marketing Agent and The Auctioneer may believe it necessary or beneficial to the customer to pass your details to third party service suppliers, from which a referral fee may be obtained. There is no requirement or indeed obligation to use these recommended suppliers or services.

Brochures

Brochure
COUNCIL TAXA payment made to your local authority in order to pay for local services like schools, libraries, and refuse collection. The amount you pay depends on the value of the property.Read more about council Tax in our glossary page.
Band: A
PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
Off street
GARDENA property has access to an outdoor space, which could be private or shared.
Yes
ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
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Lancaster Hill, Peterlee, Durham, SR8 2EQ

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Horden Station1.9 miles
  • Seaham Station4.9 miles
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About the agent

Pattinson Estate Agents, Peterlee

2 Yoden Way, Peterlee, SR8 1BP

Pattinson Estate Agents, Peterlee

Pattinson Estate Agency is an award-winning family-run business that was Launched in 1977 on Independence Day. This is no coincidence, as independence is central to our company ethos. We are the most recognised estate agency in the North East, and in 45 years we have grown from 1 office to 26, with over 220 members of staff.

And, we don’t just sell houses! Our many property services include sales, lettings (property management), auction, commercial, conveyance and surveys, and we have

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Industry affiliations

Royal Institute of Chartered Surveyors

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Disclaimer - Property reference 432045. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Pattinson Estate Agents, Peterlee. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

Auction Fees: The purchase of this property may include associated fees not listed here, as it is to be sold via auction. To find out more about the fees associated with this property please call Pattinson Estate Agents, Peterlee on 0191 625 0949.

*Guide Price: An indication of a seller's minimum expectation at auction and given as a “Guide Price” or a range of “Guide Prices”. This is not necessarily the figure a property will sell for and is subject to change prior to the auction.

Reserve Price: Each auction property will be subject to a “Reserve Price” below which the property cannot be sold at auction. Normally the “Reserve Price” will be set within the range of “Guide Prices” or no more than 10% above a single “Guide Price.”

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